Shares of Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.24 and traded as low as $8.00. Bridgford Foods shares last traded at $7.89, with a volume of 1,268 shares trading hands.
Bridgford Foods Stock Performance
The firm has a market cap of $71.20 million, a P/E ratio of -9.56 and a beta of -0.24. The stock's 50-day moving average is $7.90 and its 200 day moving average is $9.23.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter. Bridgford Foods had a negative return on equity of 5.86% and a negative net margin of 3.29%. The business had revenue of $50.64 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of BRID. Nuveen LLC bought a new stake in shares of Bridgford Foods during the first quarter worth $570,000. Northern Trust Corp boosted its stake in Bridgford Foods by 28.6% in the 4th quarter. Northern Trust Corp now owns 31,913 shares of the company's stock worth $343,000 after purchasing an additional 7,093 shares during the period. Factorial Partners LLC increased its holdings in Bridgford Foods by 13.8% during the 4th quarter. Factorial Partners LLC now owns 25,017 shares of the company's stock worth $263,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Bridgford Foods in the 4th quarter valued at about $124,000. Institutional investors own 4.68% of the company's stock.
Bridgford Foods Company Profile
(
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Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.
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